Hanoi (VNA) – Vietnam’s State budget revenue for the first quarter has been estimated at 721.3 trillion VND (27.95 billion USD), equivalent to 36.7% of the annual target and up 29.3% year-on-year, according to the Ministry of Finance.
Of the total, domestic revenue reached some 646.3 trillion VND, fulfilling 38.7% of the target, and rising 34.5% annually. The ministry attributed this strong performance to robust economic growth in late 2024 and the continued positive momentum in early 2025. The implementation of digital transformation initiatives and enhanced administration measures by tax authorities also played a key role.
Between January and March, tax authorities conducted nearly 10,000 inspections and audits, proposing financial settlements worth 16.5 trillion VND, of which 4.2 trillion VND was recovered for the state budget. Additionally, tax arrears recovery and settlement hit approximately 22.4 trillion VND by the end of March.
At the same time, tax authorities continued to implement tax, fee, and charge reductions to support businesses and individuals, with total reductions in the first quarter amounting to some 22.2 trillion VND.
Meanwhile, revenue from import-export activities was estimated at 61.6 trillion VND, achieving 26.2% of the annual target, nearly equivalent to the same period in 2024./.
VNA
